Franklin Resources Inc. Makes New $211,000 Investment in Interactive Brokers Group, Inc. (NASDAQ:IBKR)

Franklin Resources Inc. acquired a new stake in Interactive Brokers Group, Inc. (NASDAQ:IBKR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 1,397 shares of the financial services provider’s stock, valued at approximately $211,000.

Several other large investors have also modified their holdings of the company. Sanctuary Advisors LLC boosted its stake in shares of Interactive Brokers Group by 6.3% during the third quarter. Sanctuary Advisors LLC now owns 21,637 shares of the financial services provider’s stock worth $3,015,000 after buying an additional 1,283 shares during the period. Anchor Investment Management LLC purchased a new stake in Interactive Brokers Group during the 3rd quarter valued at approximately $89,000. SkyView Investment Advisors LLC lifted its position in Interactive Brokers Group by 1.3% during the 3rd quarter. SkyView Investment Advisors LLC now owns 36,971 shares of the financial services provider’s stock worth $5,152,000 after acquiring an additional 460 shares during the period. Hohimer Wealth Management LLC lifted its position in Interactive Brokers Group by 4.1% during the 3rd quarter. Hohimer Wealth Management LLC now owns 4,007 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 157 shares during the period. Finally, TD Private Client Wealth LLC grew its stake in shares of Interactive Brokers Group by 0.3% in the 3rd quarter. TD Private Client Wealth LLC now owns 19,797 shares of the financial services provider’s stock valued at $2,759,000 after purchasing an additional 69 shares during the last quarter. 23.80% of the stock is owned by institutional investors and hedge funds.

Interactive Brokers Group Trading Up 3.3 %

Shares of IBKR opened at $182.50 on Friday. Interactive Brokers Group, Inc. has a twelve month low of $83.86 and a twelve month high of $193.42. The firm has a market capitalization of $77.11 billion, a P/E ratio of 27.86, a PEG ratio of 1.41 and a beta of 0.85. The firm’s 50-day moving average is $176.93 and its two-hundred day moving average is $145.16.

Interactive Brokers Group (NASDAQ:IBKR) last released its quarterly earnings results on Tuesday, October 15th. The financial services provider reported $1.75 earnings per share for the quarter, missing analysts’ consensus estimates of $1.78 by ($0.03). The firm had revenue of $2.45 billion during the quarter, compared to analyst estimates of $1.32 billion. Interactive Brokers Group had a return on equity of 4.83% and a net margin of 7.89%. During the same quarter in the prior year, the company earned $1.55 EPS. Analysts predict that Interactive Brokers Group, Inc. will post 6.82 EPS for the current year.

Interactive Brokers Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 13th. Stockholders of record on Friday, November 29th were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.55%. The ex-dividend date was Friday, November 29th. Interactive Brokers Group’s dividend payout ratio is currently 15.27%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Piper Sandler restated an “overweight” rating and set a $163.00 price target on shares of Interactive Brokers Group in a research note on Wednesday, October 16th. UBS Group raised their target price on shares of Interactive Brokers Group from $155.00 to $170.00 and gave the stock a “buy” rating in a research note on Tuesday, October 8th. Jefferies Financial Group lifted their target price on shares of Interactive Brokers Group from $152.00 to $165.00 and gave the company a “buy” rating in a report on Friday, October 4th. Keefe, Bruyette & Woods increased their price target on shares of Interactive Brokers Group from $152.00 to $190.00 and gave the stock a “market perform” rating in a report on Friday, December 20th. Finally, The Goldman Sachs Group lifted their price objective on Interactive Brokers Group from $171.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, December 3rd. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, Interactive Brokers Group currently has an average rating of “Moderate Buy” and an average price target of $173.00.

Interactive Brokers Group Company Profile

Interactive Brokers Group, Inc operates as an automated electronic broker worldwide. The company engages in the execution, clearance, and settlement of trades in stocks, options, futures, foreign exchange instruments, bonds, mutual funds, exchange traded funds (ETFs), precious metals, and cryptocurrencies.